Taxation — Exemptions — Section 5709.12, Revised Code — Real property owned by nonprofit charitable corporation — Used as residence for elderly people — Not exempt although rent below cost.
Per Curiam.
The operative facts in the instant case are substantially the same as those in the case of Philada Home Fund v. Board of Tax Appeals, 5 Ohio St.2d 135. The decision of the Board of Tax Appeals is affirmed on authority of that case.
Decision affirmed.
ZIMMERMAN, MATTHIAS, HERBERT and BROWN, JJ., concur.
TAFT, C.J., O'NEILL and SCHNEIDER, JJ., dissent.